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vici

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vici

Re: None

Monday, 10/07/2019 7:31:40 PM

Monday, October 07, 2019 7:31:40 PM

Post# of 7928
One correction Trustbutverify -- The JV is for the SureFly asset. Moog is essentially giving them $4MM for 50% ownership of the asset and the opportunity to further develop and market the item. I'm very pleased with this news. Outright sale would have fetched a larger bag of loot but we are retaining all IP pertaining to HorseFly UAS patent(s) in addition to the opportunity to benefit from future market opportunities. That's a big deal for me, at least. Also, sale comes with a marginal cost savings for WKHS as the Surefly JV will be paying ~$25k/yr. in leasing costs to WKHS.

Please let me know if I am mistaken on any of these points as I have only had a chance to quickly scan the 8K. GL to everyone long here!
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Volume:
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  • 1D
  • 1M
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  • 6M
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  • 5Y
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